15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 6.7% per year over the past 5 years.
Net income has grown slower than revenue (-93.0% vs 6.7% per year).
Operating margin has expanded, at 75.3% in the latest year.
Free cash flow has grown 9.0% per year over the past 5 years.
Financial health
Total debt ($7.2B) exceeds cash ($224M); net debt is $7.0B.
Total debt has grown in line with revenue (4.6% vs 6.7% per year).
Operating income covered interest expense 3.2× in the latest year.
Total debt is 4.9× EBITDA.
Shareholder returns
Dividends have been paid for 12 consecutive years, consuming 105668646.2% of earnings.
The dividend has grown 30.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.6B
$825
0.0%
75.3%
—
$7.2B
$224M
2024
$1.5B
$785
0.0%
73.8%
—
$7.7B
$463M
2023
$1.4B
$734
100.0%
74.2%
—
$6.6B
$684M
2022
$1.3B
$685
100.0%
78.5%
—
$6.1B
$239M
2021
$1.2B
$534
95.6%
69.2%
$790M
$6.6B
$725M
2020
$1.2B
$506M
95.1%
70.2%
$428M
$5.8B
$486M
2019
$1.2B
$391M
93.5%
62.2%
$750M
—
$27M
2018
$1.1B
$340M
0.0%
56.2%
$654M
$5.9B
$26M
2017
$971M
$381M
0.0%
62.3%
$599M
$4.4B
$29M
2016
$828M
$289M
0.0%
58.0%
$514M
$4.7B
$37M
2015
$575M
$128M
0.0%
44.8%
—
$2.5B
—
2014
$591M
$139M
0.0%
43.7%
—
$2.6B
—
2013
$235M
$15M
0.0%
22.9%
—
$2.4B
—
2012
$211M
$23M
0.0%
20.7%
—
—
—
2011
$232M
$27M
0.0%
22.6%
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$420M
$232M
0.0%
79.4%
$159M
$8.1B
$275M
Dec '25
$407M
$267M
0.0%
89.3%
—
$7.2B
$224M
Sep '25
$398M
$241M
0.0%
84.8%
—
$7.2B
$752M
Jun '25
$395M
$151M
0.0%
61.3%
$272M
$6.9B
$604M
Mar '25
$395M
$165M
0.0%
65.5%
$240M
$6.9B
$169M
Dec '24
$390M
$217M
0.0%
79.1%
—
$7.7B
$463M
Sep '24
$385M
$185M
0.0%
70.4%
$262M
$7.4B
$494M
Jun '24
$381M
$208M
0.0%
77.1%
$245M
$6.6B
$94M
Mar '24
$376M
$174M
0.0%
68.5%
$258M
$6.6B
$212M
Dec '23
$369M
$211M
0.0%
80.0%
—
$6.6B
$684M
Sep '23
$360M
$184M
0.0%
74.6%
$241M
$6.2B
$81M
Jun '23
$357M
$156M
0.0%
66.8%
$235M
$6.2B
$9M
Mar '23
$355M
$183M
0.0%
75.1%
$231M
$6.3B
$7M
Dec '22
$336M
$194M
100.0%
81.9%
—
$6.1B
$239M
Sep '22
$334M
$220M
100.0%
95.1%
$235M
$6.1B
$59M
Jun '22
$327M
$151M
100.0%
72.6%
$218M
$6.5B
$6M
Mar '22
$315M
$119M
100.0%
63.4%
$231M
$6.6B
$156M
Dec '21
$298M
$120M
98.3%
68.5%
$175M
$6.6B
$725M
Sep '21
$299M
$149M
98.1%
75.4%
$213M
—
$423M
Jun '21
$318M
$138M
93.0%
66.8%
$197M
—
$148M
Valuation over time
How the market has priced GLPI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 21538427.4× (Mar '23) to 15463754.6× (Jun '26).
The price-to-sales ratio has fallen from 11.2× (Mar '23) to 8.0× (Jun '26).
The dividend yield has risen from 5.2% (Mar '23) to 6.8% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is GLPI growing its revenue and profit?
Over the past 5 years, Gaming & Leisure Properties, Inc.'s revenue has grown 6.7% per year, and net income declined 93.0% per year. These are computed facts, not advice.
How much debt does GLPI have?
As of FY2025, Gaming & Leisure Properties, Inc. reported $7.2B of total debt against $224M of cash; operating income covered interest expense 3.2×.
What is GLPI's profit margin?
In FY2025, gross margin was —, operating margin 75.3%, and net margin 0.0%.
What is GLPI's P/E ratio?
As of Jun '26, Gaming & Leisure Properties, Inc. traded at a price-to-earnings ratio of about 15463754.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.